Tesla chief executive Elon Musk congratulated Indian Prime Minister Narendra Modi on his election victory and said he is looking forward to doing “exciting work” in a country with Asia’s third-largest economy.
Mr Musk, however, did not say when he plans to visit India after postponing a scheduled trip to New Delhi this year because of work obligations at the electric vehicle manufacturing company.
“Congratulations Narendra Modi on your victory in the world’s largest democratic elections. Looking forward to my companies doing exciting work in India,” Mr Musk said in a post on X on Friday.
Mr Modi will be sworn in as the Prime Minister of India on Sunday. This is the third time that has had been elected to the position following a victory in elections that concluded last week.
Mr Modi’s Bharatiya Janata Party is forming the new government with help from regional parties as the BJP could not secure a majority on its own in the elections that stretched for more than a month from April 19 to June 1.
Mr Musk planned to meet Mr Modi during his visit in April and announce new investments in the country but cancelled the visit saying there were “very heavy Tesla obligations”.
However, he said in a post on X at the time that he is looking forward “to visiting later this year.”
Mr Musk met Mr Modi during the Indian Prime Minister’s visit to the US last year and announced Tesla’s intention to invest in India.
“I am confident that Tesla will be in India and will do so as soon as humanly possible,” Mr Musk said, according to an AFP report.
Mr Musk, also chief executive of SpaceX, said he hopes to take the company's Starlink satellite internet service to India.
The owner of social media platform X is also focusing on artificial intelligence.
Last month, Mr Musk's artificial intelligence start-up xAI has raised $6 billion in a series B funding round that includes participation from Saudi billionaire Prince Alwaleed bin Talal and his investment company Kingdom Holding, as it seeks to challenge rival OpenAI.
Mr Musk launched xAI in July last year amid the growing demand for generative AI to compete with dominant market player OpenAI, which is backed by Microsoft, with about $13 billion investment.
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
THE BIO:
Favourite holiday destination: Thailand. I go every year and I’m obsessed with the fitness camps there.
Favourite book: Born to Run by Christopher McDougall. It’s an amazing story about barefoot running.
Favourite film: A League of their Own. I used to love watching it in my granny’s house when I was seven.
Personal motto: Believe it and you can achieve it.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Multitasking pays off for money goals
Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."
T10 Cricket League
Sharjah Cricket Stadium
December 14- 17
6pm, Opening ceremony, followed by:
Bengal Tigers v Kerala Kings
Maratha Arabians v Pakhtoons
Tickets available online at q-tickets.com/t10
360Vuz PROFILE
Date started: January 2017
Founder: Khaled Zaatarah
Based: Dubai and Los Angeles
Sector: Technology
Size: 21 employees
Funding: $7 million
Investors: Shorooq Partners, KBW Ventures, Vision Ventures, Hala Ventures, 500Startups, Plug and Play, Magnus Olsson, Samih Toukan, Jonathan Labin
